- Cable H1:
Attached Image (click to enlarge)
Cable Update (GBPUSD)
personally i have notice every time i have ever enter price has always come back to my entery..im considering having a virtual entery and trading towards it
i swear it would be the perfect system..but it would take that margin of error to be right always which im not prepared to do..cause it would prove to me..im an idiot
# Draw charts
# Mark entry and exit points
# Decide on Buy or Sell
# Place trade in opposite direction.
Show Me Your Pips!!!
- #325,764
- Oct 3, 2012 7:18am Oct 3, 2012 7:18am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I tried this trading strategy once on demo with surprising results:
# Draw charts
# Mark entry and exit points
# Decide on Buy or Sell
# Place trade in opposite direction.
off to work pray for meh
- #325,766
- Oct 3, 2012 7:50am Oct 3, 2012 7:50am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
2887 as second and last 2867-61...I'd go for 61 to be honest and from there bouncy bouncy
67-61 as last if we go that low and there I'll look for a 15-20 pips up move
- #325,767
- Oct 3, 2012 9:57am Oct 3, 2012 9:57am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #325,770
- Oct 3, 2012 11:26am Oct 3, 2012 11:26am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
Somebody here might find these charts useful/interesting...
the fact we dont fall lower.... well 1.6075 as ive mentioned before is a fibo...
however the fact there theres no follow through yet and Daily RSI is falling suggests we may break this 1.6075 possibly during asia...
but i can be totally wrong as you can see H4 RSI is way WAY oversold... but one thing ive learnt is that market can remain oversold till the deaths... soo unless i see RSI attempting to go back above 30 back int he neutral zone of 30-70, i still think the downwards pressure is still on.
the fact we dont fall lower.... well 1.6075 as ive mentioned before is a fibo...
however the fact there theres no follow through yet and Daily RSI is falling suggests we may break this 1.6075 possibly during asia...
but i can be totally wrong as you can see H4 RSI is way WAY oversold... but one thing ive learnt is that market can remain oversold till the deaths... soo unless i see RSI attempting to go back above 30 back int he neutral zone of 30-70, i still think the downwards pressure is still on.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #325,771
- Oct 3, 2012 12:25pm Oct 3, 2012 12:25pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #325,772
- Edited 1:33pm Oct 3, 2012 1:22pm | Edited 1:33pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
Congrats! GBPUSD closed below that annoying 1.6075 fibo but.... we better get a follow through soon or else it may happen to be a retracement....
i pray we get the follow through... Anything... news... BOE after hours statement or Fitch to threaten AAA rating downgrade PLEASE!!!
anything!!!
i pray we get the follow through... Anything... news... BOE after hours statement or Fitch to threaten AAA rating downgrade PLEASE!!!
anything!!!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #325,774
- Oct 3, 2012 2:17pm Oct 3, 2012 2:17pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #325,777
- Oct 3, 2012 2:32pm Oct 3, 2012 2:32pm
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #325,778
- Oct 3, 2012 3:41pm Oct 3, 2012 3:41pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #325,780
- Oct 3, 2012 6:19pm Oct 3, 2012 6:19pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%